Aggregate Behaviour of Investment in China, 1953-96: An Analysis of Investment Hunger and Fluctuation

Aggregate Behaviour of Investment in China, 1953-96: An Analysis of Investment Hunger and Fluctuation

by Laixiang Sun

Paperback(1st ed. 2001)

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Overview

Aggregate Behaviour of Investment in China, 1953-96: An Analysis of Investment Hunger and Fluctuation by Laixiang Sun

In China, aggregate investment levels have been high and the cycles of investment growth rate have been remarkable. In order to reveal the mechanisms which drive investment hunger and cycles, this book develops an integrated growth-cycle framework which integrates the standard theory of socialist economies, the distributive barrier-constrained growth theory of developing economies, and the recent technical progresses in the western business cycle theory. It also analyzes the evolutionary dynamics of China's state investment system and the policy trade-off between industrial expansion and agricultural development.

Product Details

ISBN-13: 9781349426713
Publisher: Palgrave Macmillan UK
Publication date: 06/26/2001
Series: Institute of Social Studies, The Hague
Edition description: 1st ed. 2001
Pages: 290
Product dimensions: 5.51(w) x 8.50(h) x 0.03(d)

About the Author

LAIXIANG SUN is an Economist at the International Institute for Applied Systems Analysis, Laxenburg, Austria and Senior Research Fellow at the Guanghua School of Management, Peking University. He is the author of The Evolutionary Dynamics of China's Small and Medium-Sized Enterprises in the 1990s and his articles have been published in the Journal of Comparative Economics, Comparative Economic Studies and other international refereed journals.

Table of Contents

List of Tables and Figures Preface Introduction Integrating Selected Theories Based on China's Experiences The State Investment System and its Response to Reform Agricultural Constraint to the Insatiable Investment Demand Energy as the Representative of Producer Goods Constraints Estimating Investment Functions Based on Cointegration Conclusions Notes Bibliography Index

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